SunCoke Energy (NYSE:SXC) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of SunCoke Energy (NYSE:SXC) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SunCoke Energy in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SunCoke Energy has a consensus rating of “Reduce” and a consensus target price of $9.00.

SunCoke Energy Stock Performance

Shares of NYSE SXC opened at $9.92 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.25 and a debt-to-equity ratio of 1.07. The firm’s 50-day moving average price is $9.63 and its two-hundred day moving average price is $8.40. SunCoke Energy has a 52-week low of $5.51 and a 52-week high of $10.68. The stock has a market capitalization of $841.62 million, a P/E ratio of -15.49 and a beta of 1.01.

SunCoke Energy (NYSE:SXC) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. As a group, sell-side analysts forecast that SunCoke Energy will post 0.32 earnings per share for the current year.

SunCoke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, August 17th. SunCoke Energy’s payout ratio is -75.00%.

Institutional Trading of SunCoke Energy

Several large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in SunCoke Energy by 126.3% during the 2nd quarter. IFP Advisors Inc now owns 3,259 shares of the energy company’s stock worth $26,000 after acquiring an additional 1,819 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of SunCoke Energy during the second quarter valued at $29,000. Freestone Grove Partners LP acquired a new position in shares of SunCoke Energy during the second quarter valued at $29,000. Integrated Wealth Concepts LLC bought a new stake in shares of SunCoke Energy during the second quarter valued at about $45,000. Finally, Allworth Financial LP bought a new stake in shares of SunCoke Energy during the second quarter valued at about $49,000. 90.45% of the stock is currently owned by institutional investors and hedge funds.

About SunCoke Energy

SunCoke Energy, Inc is an independent producer of metallurgical coke, a carbon-based fuel and reducing agent used in blast-furnace steelmaking. The company operates cokemaking facilities in the United States and supplies coke primarily to integrated steel producers under long-term commercial arrangements.

SunCoke’s operations use coal as a raw material and employ heat-recovery technology that captures energy generated during the cokemaking process to produce electricity. In addition to coke production, the company provides coal-handling, storage, transloading and terminal services through its logistics operations, supporting the movement of coal and other bulk materials for industrial customers.

SunCoke Energy was formed from the cokemaking operations of Sunoco and became an independent, publicly traded company in 2012.